Swedish lawmakers propose Bitcoin for national reserves

Swedish lawmakers are intensifying calls to include Bitcoin (CRYPTO:BTC) in the nation’s reserves amid growing global interest in cryptocurrency as a financial hedge.

On April 14, Dennis Dioukarev, a Member of the Riksdag representing the Sweden Democrats, formally questioned Finance Minister Elisabeth Svantesson about adopting a strategy to accumulate Bitcoin through confiscated assets.

“This is a trend seen in many countries,” Dioukarev stated, referencing the U.S. government’s initiative to establish a national Bitcoin reserve using seized cryptocurrency.

He asked whether Sweden’s government is considering a similar approach.

This proposal follows a recent push by MP Rickard Nordin, who urged the government to rethink its conservative stance on reserves.

Nordin highlighted Bitcoin’s role as a hedge against inflation and a tool for financial freedom under authoritarian regimes.

Globally, interest in Bitcoin reserves has gained momentum.

In March, U.S. President Donald Trump signed an executive order authorising the creation of a national Bitcoin reserve funded through seized crypto assets.

The order also established a Digital Asset Stockpile for non-Bitcoin cryptocurrencies.

In Europe, Czech National Bank Governor Aleš Michl suggested adding Bitcoin to diversify the nation’s $7 billion foreign reserves.

Meanwhile, Italy’s Intesa Sanpaolo bank made headlines by purchasing 11 Bitcoins for $1 million earlier this year.

However, these developments contrast with the European Central Bank’s (ECB) scepticism.

ECB President Christine Lagarde recently dismissed Bitcoin as “unsafe” and ruled out its inclusion in central bank reserves.

At the time of reporting, the Bitcoin (BTC) price was $85,646.04.